June 29 (Reuters) - Provident Energy Trust:
* Moves forward as a pure-play midstream infrastructure business, finalizes new
credit facility and announces senior management change
* Says transaction comprised of approximately 32.5 million pace shares
* Says entered new credit agreement with national bank of Canada and td
securities as co-leads
* Says CFO Mark Walker, will step down from his role
* Says CFO Mark Walker Resigned
* Says credit agreement can be increased to $750 million
* All figures in C$
* Says transaction proceeds are comprised of $120 million in cash
* Says lenders have agreed to provide the trust with a credit facility of $500
million
* Says credit facility also provides for a separate $60 million letter of
credit facility
* Says cash proceeds will be retained by the trust and applied to reduce
long-term bank debt
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* Moves forward as a pure-play midstream infrastructure business, finalizes new
credit facility and announces senior management change
* Says transaction comprised of approximately 32.5 million pace shares
* Says entered new credit agreement with national bank of Canada and td
securities as co-leads
* Says CFO Mark Walker, will step down from his role
* Says CFO Mark Walker Resigned
* Says credit agreement can be increased to $750 million
* All figures in C$
* Says transaction proceeds are comprised of $120 million in cash
* Says lenders have agreed to provide the trust with a credit facility of $500
million
* Says credit facility also provides for a separate $60 million letter of
credit facility
* Says cash proceeds will be retained by the trust and applied to reduce
long-term bank debt
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.